Post
$CHIP
CHIPUSDT 1D frame is having a strong recovery signal after a continuous decline from 0.085 to 0.051. Currently, the price is up more than 12%, creating a large green candle with a marked increase in volume - indicating that the cash flow is starting to return.
Notable points:
● The price has reclaimed MA5 and is approaching MA10 around the 0.064–0.065 area.
● If the break and hold above 0.065, the possibility of extending the retraction to 0.070–0.073 is quite high.
● The close support is at 0.058–0.060, breaking through this area can return to the bottom test of 0.051.
Short-term strategy:
● It is possible to watch the dragon when the price is above 0.062.
● Expected TP: 0.068 → 0.072.
● SL below 0.058 for risk management.
The current trend is more about technical recovery, but it needs to maintain a strong volume to confirm a sustainable reversal.
Disclaimer: OKX TR Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!